SES AI Corporation (NYSE:SES) shares, rose in value on Wednesday, June 18, with the stock price up by 0.05% to the previous day’s close as strong demand from buyers drove the stock to $0.92.
Actively observing the price movement in the last trading, the stock closed the session at $0.92. Referring to stock’s 52-week performance, its high was $2.53, and the low was $0.20. On the whole, SES has fluctuated by 7.94% over the past month.
With the market capitalization of SES AI Corporation currently standing at about $338.20 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.53M, with a low estimate of 4M and a high estimate of 5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.33M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SES’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of SES currently trading nearly -2.84% and 6.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.49, while the 7-day volatility ratio is showing 2.33% which for the 30-day chart, stands at 5.44%. Furthermore, SES AI Corporation (SES)’s beta value is 0.41, and its average true range (ATR) is 0.09.
A comparison of SES AI Corporation (SES) with its peers suggests the former has fared considerably weaker in the market. SES showed an intraday change of 0.05% in last session, and over the past year, it shrunk by -23.18%%.
Data on historical trading for SES AI Corporation (NYSE:SES) indicates that the trading volumes over the past 3 months, they’ve averaged 16.16 million. According to company’s latest data on outstanding shares, there are 320.97 million shares outstanding.
Nearly 40.94% of SES AI Corporation’s shares belong to company insiders and institutional investors own 21.35% of the company’s shares. The stock has fallen by -57.90% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SES stock heading into the next quarter.
